{"id":17832,"date":"2025-01-29T16:57:24","date_gmt":"2025-01-29T13:57:24","guid":{"rendered":"https:\/\/powersoft365.com\/?p=17832"},"modified":"2025-01-29T16:59:08","modified_gmt":"2025-01-29T13:59:08","slug":"xmoney-xs-new-service-in-partnership-with-visa","status":"publish","type":"post","link":"https:\/\/powersoft365.com\/en\/blog\/news\/xmoney-xs-new-service-in-partnership-with-visa\/","title":{"rendered":"XMoney: X’s new service in partnership with Visa"},"content":{"rendered":"\t\t
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The launch of the XMoney of a digital wallet and peer-to-peer payment services provided by Visa, the social media platform X, Elon Musk, announced today.<\/p>

CEO Linda Yaccarino wrote in a post, X has struck a deal with Visa, the largest U.S. credit card network, to become the first partner for what she calls an X Money Account.<\/p>

Visa will allow X users to move funds between traditional bank accounts and their digital wallet and make direct peer-to-peer payments, such as with Zelle or Venmo.<\/p>

Musk: European withdrawals from X \u2013 What Tesla drivers are clearing out<\/a><\/p>

It is the first concrete move by X to create a financial ecosystem for the social networking site, which was called Twitter before Musk bought it in 2022.<\/p>

At the time, Musk had said that the $44 billion acquisition was a way to create an “implementation for everything.” He later said the platform would allow users to conduct “all their financial world” in it.<\/p>

The XMoney service is expected to be released in the first quarter and possible deals with more financial partners are possible, according to sources familiar with the situation, cited by CNBC. The same sources stress that one of the first cases of use of XMoney is to allow creators on the website to accept payments and store funds without external organizations.<\/p>

Visa representatives declined to comment on the matter.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The launch of the XMoney of a digital wallet and peer-to-peer payment services provided by Visa, the social media platform X, Elon Musk, announced today. CEO Linda Yaccarino wrote in a post, X has struck a deal with Visa, the largest U.S. credit card network, to become the first partner for what she calls an…<\/p>\n","protected":false},"author":12,"featured_media":17833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70],"tags":[],"class_list":["post-17832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nXMoney: X's new service in partnership with Visa - Powersoft365<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/powersoft365.com\/en\/blog\/news\/xmoney-xs-new-service-in-partnership-with-visa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XMoney: X's new service in partnership with Visa - Powersoft365\" \/>\n<meta property=\"og:description\" content=\"The launch of the XMoney of a digital wallet and peer-to-peer payment services provided by Visa, the social media platform X, Elon Musk, announced today. 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